Question
If you borrow $15,000 from your dad for college and he agrees to charge you simple interest at 5% per year, how much will you
If you borrow $15,000 from your dad for college and he agrees to charge you simple interest at 5% per year, how much will you owe when you graduate after 4 years?
| $17,500 | ||
| $18,000 | ||
| $18,233 | ||
| $20,000 |
Please show your work so I can learn from it.
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
